Gargymal Company would like to estimate the variable and fixed components of its electrical costs and has compiled the following data for the last five months of operations:
-Using the high-low method,the estimated variable cost per machine hour for electricity is closest to which of the following?
Definitions:
Manufacturing Sector
The segment of an economy that is involved in the production of goods using labor, machinery, and tools.
Developing Countries
Refers to nations with lower levels of income, industrialization, and often a lower Human Development Index compared to developed countries.
Industrial Market Countries
Nations with economies mainly based on industrial production and services, with advanced technological infrastructure.
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